How Your Medical Device Business Can Benefit from Managed Services

In some cases, it makes sense to perform all of your operations in-house, including shipping and logistics. But in many more cases—especially in complex industries like medical devices and supplies—the exact opposite is true.

In an industry as complex as medical supplies, timeliness and reliability are 100% mission critical. Beyond that, regulatory requirements can hamper your business and your bottom line at every turn—and issues of complexity and compliance are even greater.

As we’ll explore here in greater detail, your business may actually be hemorrhaging time and money by trying to “do it yourself” on your own dime and with your own employees. If that’s the case, then managed services from MCG—including full outsourcing of all transportation management functions, with complete transparency and visibility—is the solution to your business needs.

Unique concerns for medical device suppliers

When it comes to medical devices, optimizing your logistics isn’t just about dollars and cents. In fact, faster, more reliable shipments can translate to lives vastly improved or even saved. Of course, you can achieve both goals at the same time, and you don’t have to be a superhero to do it.

The reality is, managed services can cost-effectively ease these concerns for businesses in the medical device space by shifting the burden from your in-house team to the experienced experts at MCG.

Saving time & meeting regulatory requirements with managed services

As you well know, compliance is one of most important issues facing medical device suppliers, especially if you have international operations (or aspirations to go international). In an industry that can literally have life or death consequences, regulations will always abound, and businesses that don’t follow them to the letter can find themselves in hot water—both legally and financially.

But regulations don’t have to be a thorn in your side. Managed services can help you hand off the hassle of complex and ever-changing compliance issues, while still allowing you the control needed to maintain relationships with both carriers and customers.

Cutting costs and inefficiencies with managed services

Whether or not you’ve realized it, the burden of overhead and day-to-day planning and execution can cost your business time and money that you simply can’t afford. Of course, the opposite is also true: by having a third party manage your daily freight shipping needs, you can improve your efficiency and your bottom line.

At MCG, we often work with medical suppliers to perform detailed analyses and evaluations, determining opportunities to reduce costs, improve negotiations with carriers, and increase the bottom line.

With managed services, we take that a step further by handling the tactical aspects of both inbound and outbound transportation across all modes, with unmatched visibility and transparency available to your business’s stakeholders. We leverage best-in-class resources, including business intelligence and a vast shipment database, to ensure that managed services and decisions are driven by data and analytics.

The result? More reliable freight shipping, smarter logistics, a lowered burden for your team—and best of all, a streamlined operation that provides a boost to your bottom line.